B=I+F+E=M
Don’t know what equation is that? Let me tell you. Thats the equation for starting a business. Formulated by Leong Kaiyan.
Business = Invest + Lay Foundation + Employ Workers = Make Money
Firstly, I want to ask everyone out there. What do we start a business for? To make money, right? Not work and earn. We want to MAKE. Working so hard to get some money out of the “business” is a wrong mindset. That is working. That is not doing business. You are just drawing salary from a high-risk, high work volume, low income job. Must well work for other people.
Business is all about managing. Its how you manage your workers so as to maximize profits and maximize the time you have for other stuff. Its not rushing around doing all sorts of nonsense.
Whenever I see my mother and many other “Business Owners” busy at work thinking they are bosses of their own business, I sigh and think the opposite. They are not owners, they are slaves of their own “businesses”. Working their lives away with just enough to feed the family.
One day, I was looking at the owner of this toy car shopping cart shop. It provides this toy car shopping carts at a fee. Rent of some sort. I set myself thinking, who is the real owner of this “business”. I know for sure that the auntie tending the shop who call herself the owner is not the real owner. Finally, I come to a conclusion that the landlord of the shopping center is the owner. Why? Because, it provided some space for this auntie at fee (Rent). Then this auntie, rents out the carts which adds some entertainment to the shoppers. It is adding some spice to the shopping center. The money that goes into the pocket of the auntie is just her salary. The landlord does not have much use of the space anyway. So it gets money, make shoppers happy and so it can raise prices for its rent of other shops. Thats such a good plan.
That is why, the rich get richer, and the poor gets poorer.